Paul Krugman Quotes:
Ocupation: Economist
Life: b. February 28, 1953
Birthday: February 28
Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.
topic: Philosophy, Government, Political, Microeconomics, Interest Groups, National Interests
